Examlex
Process-control computers enable the process to be monitored for variations from operating standards and to eliminate product defects before they affect product .
Traditional Incentive Systems
Reward structures typically based on performance outcomes, aiming to motivate employees through financial incentives like bonuses, raises, and commissions based on their job performance or targets achieved.
Hourly Workers
Employees who are paid for each hour of work performed, as opposed to receiving a fixed salary.
Free Trade
An economic policy that allows goods and services to be bought and sold across international borders with little or no government tariffs, quotas, subsidies, or prohibitions to inhibit their exchange.
Job Creation
The process by which new employment opportunities are generated, often considered a key indicator of economic health.
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